Taiwanese Undervalued over 20% based on DCF

Shinkong Insurance

Market Cap: NT$31.1b

Provides property insurance to individuals and corporates in Taiwan.

Everlight Electronics

Market Cap: NT$30.3b

Engages in the manufacture and sale of light-emitting diode (LED) in Taiwan, rest of Asia, the United States, and internationally.

PixArt Imaging

Market Cap: NT$29.8b

Researches, designs, produces, and sells CMOS image sensors and related ICs in Taiwan, Hong Kong, China, Japan, and internationally.

Co-Tech Development

Market Cap: NT$28.6b

Engages in the production and sale of copper foil for printed circuit board industry in Taiwan and China.

Formosa Taffeta

Market Cap: NT$27.3b

Operates in the textile industry in Taiwan and Asia.

O-Bank

Market Cap: NT$25.4b

Provides various banking services to corporate clients in Taiwan.

Formosa International Hotels

Market Cap: NT$24.6b

Engages in the operation of tourist hotels in Taiwan and internationally.

Pegavision

Market Cap: NT$24.5b

Manufactures and sells medical devices, and optical and precision instruments in Taiwan.

TTET Union

Market Cap: NT$23.9b

Operates as a soybean crusher in Taiwan, Malaysia, Japan, and internationally.

ITH

Market Cap: NT$22.9b

Provides panel display and touch integrated single chip in Taiwan and internationally.

Cyber Power Systems

Market Cap: NT$22.4b

Designs, manufactures, and sells power protection products and computer peripheral accessories worldwide.

Innodisk

Market Cap: NT$20.8b

Researches, develops, manufactures, and sales industrial embedded storage devices in Taiwan, Asia, Japan, Germany, China, Europe, the United States, and internationally.

Gloria Material Technology

Market Cap: NT$20.6b

Produces and sells alloy steel in Taiwan, the United States, China, and internationally.

Channel Well TechnologyLtd

Market Cap: NT$20.3b

Manufactures, processes, trades, and sale of power supply and various electronic components in Taiwan, rest of Asia, the United States, Europe, and internationally.

Zero One Technology

Market Cap: NT$20.1b

Provides enterprise information technology solutions in Taiwan.

GFC

Market Cap: NT$20.1b

Manufactures and sells elevators, escalators, and generators in Taiwan.

Synmosa Biopharma

Market Cap: NT$19.7b

A specialty pharmaceutical company, researches, develops, manufactures, markets, and distributes pharmaceutical and healthcare products under the Synmosa brand in Taiwan.

Alexander Marine

Market Cap: NT$18.8b

Engages in the design, manufacture, and sale of yachts in Taiwan, Europe, Australia, and the United States.

Jess-link Products

Market Cap: NT$18.6b

An investment holding company, manufactures and sells various electronic products and components in Taiwan, China, the United States, Japan, Thailand, Vietnam, the British Virgin Islands, and internationally.

Universal Cement

Market Cap: NT$18.4b

Manufactures and sells cement, ready-mixed concrete, gypsum board panels, and other building materials in Taiwan.

TCI

Market Cap: NT$15.4b

An original design manufacturer company, engages in the manufacturing, wholesale, and retail of health foods and cosmetics products in Taiwan, Mainland China, the United States, and internationally.

Adlink Technology

Market Cap: NT$15.1b

Manufactures and sells hardware, software, and peripheral devices of industrial computers in the Asia Pacific, Mainland China, the United States, and Europe.

Argosy Research

Market Cap: NT$14.7b

Manufactures and sells of electronic components and connectors in Asia, the United States, and internationally.

Hsin Kuang Steel

Market Cap: NT$13.8b

Engages in the cutting, stamping, and sale of various steel products in Taiwan.

Hua Yu Lien Development

Market Cap: NT$13.2b

Engages in the real estate business in Taiwan.

Materials Analysis Technology

Market Cap: NT$13.0b

Engages in the research and development, and intellectual property services in Taiwan, Mainland China, Japan, the United States, and internationally.

Anpec Electronics

Market Cap: NT$13.0b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Capital Futures

Market Cap: NT$12.3b

Engages in futures brokerage business in Taiwan, rest of Asia, North America, Europe, and Oceania.

TaiDoc Technology

Market Cap: NT$12.1b

Manufactures and markets medical devices in Taiwan and internationally.

KMC (Kuei Meng) International

Market Cap: NT$11.8b

Manufactures and sells various types of chains, motorcycle components, and vehicle components in Asia, Europe, and the United States.

Taiwan Steel Union

Market Cap: NT$11.7b

Manufactures and trades in zinc oxide and non-metallic mineral products in Taiwan.

SuperAlloy Industrial

Market Cap: NT$11.7b

Engages in engineering and manufacturing lightweight metal products primarily for the automotive industry.

Taiwan Fire & Marine Insurance

Market Cap: NT$11.4b

Provides property and casualty insurance products and services in Taiwan.

Zyxel Group

Market Cap: NT$11.4b

Offers networking solutions for telco, SME, and digital home in the United States, France, and internationally.

Waffer Technology

Market Cap: NT$10.9b

Engages in the production and sale of magnesium aluminum alloy molded products in the Mainland of China, Taiwan, Vietnam, Germany, the United States, and internationally.

China Metal Products

Market Cap: NT$10.7b

Engages in the manufacture and sale of cast iron products in Taiwan, the United States, Japan, China, Europe, South America, and internationally.